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Dec 5, 2013
12/13
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we've seen action to address rising energy costs for households, but this is a big cost born by business, not by investors in other countries and we need to see action to stop this rising. >> and you just touched on the skil skills. what do you think the government can do that? >> what we have started to see is companies are starting toni vest a lot more in skills. what we need to see is to make it easier for them to do. particularly, put the money in the hands of the companies making the investment rather than giving it to the providers. they're create ago proper market in trading. >> and the 370 billion pounds, the government announced 25 billion had been pledged by insurance companies. this all sounds very familiar. is actually the structure for all of this infrastructure development being balanced correctly by the government? >> i think it's starting to happen and i think it's great that we're seeing private funding coming into infrastructure. we're now seeing plans to the government on infrastructure and some action on delivery. but now we need to get it going. >> and will it attrac
we've seen action to address rising energy costs for households, but this is a big cost born by business, not by investors in other countries and we need to see action to stop this rising. >> and you just touched on the skil skills. what do you think the government can do that? >> what we have started to see is companies are starting toni vest a lot more in skills. what we need to see is to make it easier for them to do. particularly, put the money in the hands of the companies...
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Dec 4, 2013
12/13
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you've got things like the energy prices. some of those green measures being brought into general taxation. you've got free lunches, the free zone fuel duty. >> i've got free lunches? have i? >> you specifically, the government has targeted you. you also might get a few bits of tinkering around the edges. >> i don't know if i want someone to tinker around my edges. >> especially after a free lunch. >> is that why you get the free lunch? okay. i see what the price is now. >> now, you might get an announcement that they're going to start a second wave of privatization. that's going to be a retail offering. you might hear something on rbs or the bank levy and you might get some things like foreign owners in the property in the uk harder with capital gains tax. so little bits and pieces. a free zone business trade. >> thanks for that. plenty more to come. of course, we have extended programming tomorrow for the chancellor's autumn statement and it coincides following the decision from the bank of england and the ebc, as well. all
you've got things like the energy prices. some of those green measures being brought into general taxation. you've got free lunches, the free zone fuel duty. >> i've got free lunches? have i? >> you specifically, the government has targeted you. you also might get a few bits of tinkering around the edges. >> i don't know if i want someone to tinker around my edges. >> especially after a free lunch. >> is that why you get the free lunch? okay. i see what the price...
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Dec 2, 2013
12/13
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inflation figures that have triggered the november rate cut, most of the big 4.7% was because of a fall in energy prices. most people i speak to, if you cut their gas bills by, say, 10%, they're not going to be worried about deflation, they'll spend the extra money. actually in the short term that movement in price could actually stimulate spending rather than cause worries about deflation. now over the medium term, of course, as employers say the deflation is coming down, wage cuts will be more aggressive, that's when you enter potentially a deflation marry situati -- deflation air ri index. >> it's still falling there. phillip, good to see you. chief economist at investech. i don't know if phillip was shopping this weekend, but they did in the u.s. they didn't spend as much. 141 million people shopped at least once. that's up from 139 million a year ago. the average person spent around $407. 4% less than the black friday weekend last year. total spending is expected to hit 57.4 billion over the four-day period down 2.8% from last year. they say discounts took a toll on sales and stores will con
inflation figures that have triggered the november rate cut, most of the big 4.7% was because of a fall in energy prices. most people i speak to, if you cut their gas bills by, say, 10%, they're not going to be worried about deflation, they'll spend the extra money. actually in the short term that movement in price could actually stimulate spending rather than cause worries about deflation. now over the medium term, of course, as employers say the deflation is coming down, wage cuts will be...
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Dec 3, 2013
12/13
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and also things like energy, environment, that's also uk is very, very strong. so i think both sides are looking at opportunities both for investments of china's capital in the uk, but also how the uk businesses could share a bigger size of the cake. because the uk investment is minuscule compared with other european countries in china. >> yeah. and do you think this will help london become the major offshore trading center for the renminbi? >> i think london is very well positioned, indeed, because after all, london is the leading financial center in the world and, of course, the china's bands also are already being welcomed in london and, in fact, recently, the china businesses consortium has bought a sizable chunk of the area next to the city of london. so that gives the china business an opportunity to be near the financial center, bring in china's businesses to london. but, of course, london is a launching plat for china's businesses all around europe. so i think london is very well positioned, indeed, in terms of financial services. >> boris johnson will h
and also things like energy, environment, that's also uk is very, very strong. so i think both sides are looking at opportunities both for investments of china's capital in the uk, but also how the uk businesses could share a bigger size of the cake. because the uk investment is minuscule compared with other european countries in china. >> yeah. and do you think this will help london become the major offshore trading center for the renminbi? >> i think london is very well...
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Dec 6, 2013
12/13
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it will cut 200 jobs as it sees energy, agriculture, metals and trading. separately, an employee of deutsche bank's japan unit has been arrested in tokyo over allegations to win investment business from a blue chip company. the arrest is part of a broader government probe into the management of the country's 27 trillion yen public/private pension sector. deutsche bank shares today are down 0.5%, compounding the falls that we've seen in the past few days, down just over 0.3% over seven days. >>> one of the other big movers out there today, nestle is selling its 1.14 billion swiss franc state in givaudan. it will be managed by goldman sachs. the sale comes as nestle looked to shed underperforming businesses. the share price, nestle on the up 1 plus percent. givaudan, falling in zurich to the tune of 3.72%. >>> royal dutch shell is set to pull out of a gas project in louisiana. the dutch oil and gas company said it wasn't a viable option. development costs were the reasons cited for the suspension of future work. the share price gaining 2.7% in today's trade.
it will cut 200 jobs as it sees energy, agriculture, metals and trading. separately, an employee of deutsche bank's japan unit has been arrested in tokyo over allegations to win investment business from a blue chip company. the arrest is part of a broader government probe into the management of the country's 27 trillion yen public/private pension sector. deutsche bank shares today are down 0.5%, compounding the falls that we've seen in the past few days, down just over 0.3% over seven days....